Investors often overlook promising startups. This VC program trains scouts
- Local investors now account for nearly 40% of total funding for African startups.
- Venture capital-focused training programs like Dream VC and Included VC have professionalized the industry.
- Seven24 Ventures, founded by Benjamin Udokwu, aims to teach Africans how to be venture scouts.
The emergence of programs like Seven24 Ventures is a significant step towards democratizing access to venture capital in Africa. By focusing on venture scouting, the initiative not only addresses the talent gap but also empowers underrepresented founders, which could lead to a more diverse and robust startup ecosystem. However, the success of such programs will depend on sustained engagement from both local and foreign investors.
